ACTIVE

VITRAAG

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Financial year 2020 · closed on 31/12/2020

Net result

1,5 M €

+1863.9% YoY

Revenue

27,5 M €

-57.6% YoY

Equity

32,3 M €

+40.7% YoY

Workforce

1,7 ETP

+70.0% YoY

What does VITRAAG do?

VITRAAG is a Private limited company incorporated in 1987. Its registered office is in Antwerpen. It employs on average 1,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.303.066

Incorporation

15/10/1987

Legal form

Private limited company

Registered office

Hoveniersstraat 30 box 33
2018 Antwerpen · FlandreSee on map

Contributed capital

23 106 792,29 €

Latest accounts

31/12/2020

Average workforce

1,7 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2020		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	27,5 M €	-57.6%	64,9 M €	+17.4%	55,2 M €	+31.2%	42,1 M €	-55.1%	93,7 M €	+74.3%	53,8 M €	+32.4%	40,6 M €	-13.3%	46,8 M €	-38.8%	76,6 M €
EBITDA	2,5 M €	+299%	631,7 k €	+149%	253,4 k €	-35.3%	391,9 k €	-18.4%	480 k €	-10.7%	537,6 k €	-28.2%	748,5 k €	-29.2%	1,1 M €	-28.6%	1,5 M €
Operating result	2,3 M €	+274%	604,6 k €	+161%	231,5 k €	-34.6%	353,7 k €	+121%	159,7 k €	-64.1%	445,5 k €	-32.3%	658,1 k €	-31.9%	966,6 k €	-30.6%	1,4 M €
Net result	1,5 M €	+1864%	75,8 k €	+141%	-184,3 k €	-2833%	6,7 k €	+103%	-223,9 k €	-882%	28,6 k €	-73.2%	106,8 k €	+2123%	4,8 k €	-92.4%	63 k €
Balance sheet
Equity	32,3 M €	+40.7%	22,9 M €	+0.3%	22,9 M €	0.0%	22,9 M €	+0.0%	22,9 M €	-1.0%	23,1 M €	+0.1%	23,1 M €	+0.5%	22,9 M €	+0.0%	22,9 M €
Total assets	51,8 M €	+28.2%	40,4 M €	-16.1%	48,2 M €	+20.0%	40,2 M €	-42.7%	70 M €	+56.7%	44,7 M €	-15.0%	52,6 M €	-10.5%	58,7 M €	+42.3%	41,3 M €
Cash	8,4 k €	-98.6%	606,4 k €	+629%	83,2 k €	-38.3%	134,8 k €	+5.6%	127,7 k €	-41.2%	217,1 k €	+1119%	17,8 k €	-95.0%	352,9 k €	+26.3%	279,3 k €
Debts	19,5 M €	+11.8%	17,5 M €	-31.0%	25,3 M €	+46.3%	17,3 M €	-63.3%	47,2 M €	+118%	21,6 M €	-26.7%	29,5 M €	-17.6%	35,8 M €	+96.1%	18,2 M €
Other
Workforce	1,7 ETP	+70.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2020 · 1 active · 1 ended

Active mandates

RAJIV RAKYAN

Manager

Active

Ended mandates

Rajiv Rakyan

Administrator - manager

Ended

At this address

Other companies at this address

Company	CBE no.
AAA INVESTMENTS● Active	0724.613.061
AADI● Active	0837.033.289
AAROHI DIAMONDS● Bankrupt	0429.469.280
AAYNA DIAM● Active	0783.694.276
ABBOUD DIAMONDS ANTWERP● Active	0688.810.163
ABHIDIMON● Active	0459.870.763
A.C. DIAM● Active	0460.264.802
ADIAM● Active	0429.050.202
AFRICAN STAR● Active	0467.014.418
AJARI GEMS● Active	0461.487.891
ALISAR GEMS● Active	0478.360.547
ALLURE DIAM● Active	0882.360.005
ALMAZ● Active	0452.157.679
ALWODA● Active	0477.513.578
Amaar Jewels● Active	1029.141.789
AMIRA-AYA● Active	0458.471.191
ARHAAN DIAM● Active	0834.846.435
Arhaan Jewels● Active	0639.944.830
ARHAM DIAMONDS● Active	0544.505.639
ARKOT DIAMONDS● Active	0830.908.730

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/12/2025	24/10/2024	07/11/2023	23/11/2022	16/12/2021	07/04/2021
General meeting	31/10/2025	11/10/2024	03/11/2023	18/11/2022	08/12/2021	12/03/2021
Currency of the financial year	USD	USD	USD	USD	EUR	USD
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	31/10/2025	01/12/2025	Dutch	PDF
Full model	31/12/2023	11/10/2024	24/10/2024	Dutch	PDF
Full model	31/12/2022	03/11/2023	07/11/2023	Dutch	PDF
Full model	31/12/2021	18/11/2022	23/11/2022	Dutch	PDF
Full model	31/12/2020	08/12/2021	16/12/2021	Dutch	PDF
Full model	31/12/2019	12/03/2021	07/04/2021	Dutch	PDF
Full model	31/12/2018	22/11/2019	05/12/2019	Dutch	PDF
Full model	31/12/2017	28/09/2018	28/09/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	28/05/2016	17/06/2016	Dutch	PDF
Full model	31/12/2014	30/05/2015	12/06/2015	Dutch	PDF
Full model	31/12/2013	31/05/2014	05/06/2014	Dutch	PDF
Full model	31/12/2012	27/07/2013	31/08/2013	Dutch	PDF
Full model	31/12/2011	23/07/2012	27/07/2012	Dutch	PDF
Full model	31/12/2010	27/07/2011	28/07/2011	Dutch	PDF
Full model	31/12/2009	27/08/2010	31/08/2010	Dutch	PDF
Full model	31/12/2008	26/08/2009	27/08/2009	Dutch	PDF
Full model	31/12/2007	28/07/2008	25/08/2008	Dutch	PDF
Full model	31/12/2006	30/06/2007	01/08/2007	Dutch	PDF
Full model	31/12/2005	27/06/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2020 · 1 active · 1 ended

Active mandates

RAJIV RAKYAN

Manager

Active

Ended mandates

Rajiv Rakyan

Administrator - manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/05/2021
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates26/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/01/2012
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/08/2011
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/04/2007
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2020
Annual accounts 20201,5 M €↑
2014
Annual accounts 201475,8 k €↑
2013
Annual accounts 2013-184,3 k €↓
2012
Annual accounts 20126,7 k €↑
2011
Annual accounts 2011-223,9 k €↓
2010
Annual accounts 201028,6 k €↓
2009
Annual accounts 2009106,8 k €↑
2008
Annual accounts 20084,8 k €↓
2007
Annual accounts 200763 k €
15/10/1987
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VITRAAG

Overview

What does VITRAAG do?

Trend over 9 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline